PennyMac Mortgage Investment
PMT
190 hedge funds and large institutions have $782M invested in PennyMac Mortgage Investment in 2020 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 83 increasing their positions, 62 reducing their positions, and 57 closing their positions.
34% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 62
7% more call options, than puts
Call options by funds: $5.1M | Put options by funds: $4.77M
0.15% more ownership
Funds ownership: 73.26% → 73.41% (+0.15%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
16% less funds holding
Funds holding: 227 → 190 (-37)
52% less capital invested
Capital invested by funds: $1.64B → $782M (-$855M)
58% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 57
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
Senvest Management
New York
|
+$40.7M |
| 2 |
Goldman Sachs
New York
|
+$36.4M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$18.2M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$15M |
| 5 |
State Street
Boston,
Massachusetts
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$37.4M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$22.3M |
| 3 |
Renaissance Technologies
New York
|
-$17.3M |
| 4 |
Millennium Management
New York
|
-$11.3M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$8.08M |
PMT Hedge Fund Activity: Q1 2020 in Review
190 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in PennyMac Mortgage Investment (PMT) for Q1 2020, worth a combined $782M — down 52% from $1.64B a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of PMT and 24 opened new positions — a net loss of 33 holders — while 62 trimmed existing stakes and 83 added.
The largest buyer was Senvest Management, opening a new position worth an estimated $40.7M. The largest seller was UBS Group, cutting an estimated $37.4M.
- 190 institutional investors held PennyMac Mortgage Investment (PMT) as of Q1 2020, down from 227 in Q4 2019.
- Funds reported $782M of PennyMac Mortgage Investment stock for Q1 2020, down 52% quarter-over-quarter.
- 24 funds opened new PennyMac Mortgage Investment positions in Q1 2020 and 57 closed out, a net change of -33 holders.
- The largest PennyMac Mortgage Investment buyer in Q1 2020 was Senvest Management, an estimated $40.7M added.
- The largest PennyMac Mortgage Investment seller in Q1 2020 was UBS Group, an estimated $37.4M sold.
Based on aggregated 13F filings for Q1 2020.